Lindbrook Capital LLC Sells 396 Shares of The Clorox Company (NYSE:CLX)

Lindbrook Capital LLC reduced its stake in shares of The Clorox Company (NYSE:CLX) by 40.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 581 shares of the company’s stock after selling 396 shares during the period. Lindbrook Capital LLC’s holdings in Clorox were worth $94,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLX. Wealth Group Ltd. bought a new position in shares of Clorox during the 3rd quarter valued at approximately $231,000. QRG Capital Management Inc. bought a new position in shares of Clorox during the 3rd quarter valued at approximately $225,000. Concurrent Investment Advisors LLC grew its position in shares of Clorox by 5.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 16,084 shares of the company’s stock valued at $2,620,000 after acquiring an additional 760 shares during the period. Graypoint LLC grew its position in shares of Clorox by 28.0% during the 3rd quarter. Graypoint LLC now owns 3,899 shares of the company’s stock valued at $635,000 after acquiring an additional 854 shares during the period. Finally, Woodmont Investment Counsel LLC purchased a new stake in shares of Clorox during the 3rd quarter valued at approximately $222,000. 78.53% of the stock is owned by institutional investors.

Clorox Stock Performance

NYSE CLX opened at $151.11 on Friday. The company’s 50 day simple moving average is $155.65 and its two-hundred day simple moving average is $160.34. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60. The stock has a market capitalization of $18.61 billion, a PE ratio of 41.29, a P/E/G ratio of 2.62 and a beta of 0.42. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.37.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same quarter in the previous year, the company posted $2.16 EPS. Analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Ratings Changes

CLX has been the topic of a number of recent research reports. DA Davidson dropped their price target on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on shares of Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of Clorox in a research note on Thursday, January 30th. Finally, Wells Fargo & Company upped their price target on shares of Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $159.62.

Clorox Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.